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Federal Reserve Cuts Rates By 0.50%, a Bigger Cut Than Expected:
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Last week, the Federal Reserve cut rates by 0.50%, a larger rate cut than many economists anticipated. But this large rate cut was by no means an accident on the Fed’s part—instead, it may have been a way to help them course-correct after going without a rate cut for four years. Now, with rates lower, what happens to the housing market? Will mortgage rates fall because of the news? Will home prices rise because of higher affordability for buyers? What happens next?
Will the Fed be able to dodge a recession and nail the “soft landing” with this latest rate cut? We’re talking about it today—plus sharing where the Fed thinks rates will be headed over the next couple of years and how low mortgage rates could fall by the end of 2024.
What do you think the Fed will do next? How many more rate cuts could we have in store for this year? Let us know what you think in the comments!
00:00 Fed Finally Cuts Rates
00:49 Why the Fed Did It
04:34 Recession or Soft Landing?
06:11 Rate Predictions
08:01 Sponsor: PropStream!
08:33 Effects on The Housing Market
